Air Liquide: Liberum maintains buy rating
(CercleFinance.com) - Liberum maintains its "buy" rating on the Air Liquide share, along with its target price of 150 euros, believing that while it does not benefit from integration synergies and share buybacks like Linde, it should generate solid earnings growth in 2021-23.
"In difficult conditions like 2020, Air Liquide proved to be super resilient, but in the next few years, we think it will also demonstrate that it has solid organic growth potential," the broker says.
In its opinion, "Growth should be driven by a strong sale of gas backlog, recovery in merchant volumes and later in the period, a rising contribution from the Sasol site takeover".
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"In difficult conditions like 2020, Air Liquide proved to be super resilient, but in the next few years, we think it will also demonstrate that it has solid organic growth potential," the broker says.
In its opinion, "Growth should be driven by a strong sale of gas backlog, recovery in merchant volumes and later in the period, a rising contribution from the Sasol site takeover".
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.